Stakeholders Flashcards

1
Q

What is a stakeholders?

A

A stakeholder is anyone with an interest in a business. They are individuals, groups or organisations that are affected by the activity of the organisation.

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2
Q

What are the two types of stakeholders?

A

Internal and external

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3
Q

Owners/shareholders

A

They are interested in how much profit the business makes, and the dividend they will receive

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4
Q

Managers

A

They are concerned about their salary, promotion prospects and potential benefits they may receive long term

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5
Q

Employees

A

They want to earn high wages and keep their jobs

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6
Q

Customers

A

They want the business to produce quality products at reasonable prices

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7
Q

Suppliers

A

They want the business to continue buying their products, which gives them a degree of security with honoured contracts and deals

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